Barbie Parent Mattel Shares Surge on Strong Profit Forecast Despite Tariff Worries
Mattel's sales declined 1% in 2024, but gross margins expanded 330 basis points, thanks to better-managed inventory, a nimble supply chain and cost savings. The company's fourth-quarter results exceeded expectations, benefiting from demand for its Hot Wheels vehicles and action figures, even as Barbie toy sales remained pressured.